EU’s Landmark Crypto Law MiCA Published in Official Journal

The procedural move means landmark licensing, stablecoin and anti-money laundering rules apply as of December 30, 2024.

AccessTimeIconJun 9, 2023 at 6:34 a.m. UTC
Updated Jun 13, 2023 at 3:08 p.m. UTC

The European Union’s Markets in Crypto Assets law (MiCA) was published in the Official Journal of the European Union (OJEU) on Friday, starting the clock ticking for landmark crypto licensing rules to take effect.

The full law, published alongside related legislation requires crypto wallet providers to identify their customers when they transfer funds, offers crypto companies, such as exchanges and wallet providers, a license to operate across the bloc, and introduces new governance and financial requirements for stablecoin issuers.

This comes as crypto operators in the U.S. face significant uncertainty, with the Securities and Exchange Commission suing Binance and Coinbase (COIN) on the basis that the tokens traded on their platforms constitute regulated financial instruments.

Publication of the 200-odd pages of law signals formal passage of a bill onto the EU’s statute book. In legal terms the two laws enter into force in 20 days’ time, and its provisions apply on December 30, 2024, with certain provisions taking effect slightly earlier on June 30, 2024.

The political outlines of both laws were agreed last June, though formal agreement suffered numerous delays as the final text had to be translated into the EU’s many official languages.

Edited by Parikshit Mishra.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Jack Schickler

Jack Schickler was a CoinDesk reporter focused on crypto regulations, based in Brussels, Belgium. He doesn’t own any crypto.

Read more about